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RD's contact with the Company 10 days ago suggests that filings are underway.The last days' surge in share price and traded volume might also give some support to this assumption. The financials are audited. They want to pay a dividend. They want to spin off Equity Art. And to achieve this, they must become current. The good news for newcomers, or people who already sold but want in again, is that they will qualify for the dividend since there will be a new record date. If they only can find a broker that allows them to buy.
I sent OTC Markets yet another request to display the correct chart on HERB's OTC-website. They are almost constantly displaying the wrong chart. Very poor service.
Quite som pressure you're putting on the poor man's shoulders
Aandt, we are finally getting close to some real progress. Our patience, and risk taking will finally be rewarded, it seems.
They have audited financials.
And getting close to filing the necessary form.
This is getting very exciting now. Music to my ears.
Thanks, aandt!
Like I mentioned previously, I am about to get humbled. Not always a painless experience to admit one was wrong. Nevertheless, what I am seeing behind the scenes is well worth the humiliation. I am getting more excited every day for the opportunities that are slowly revealing before my eyes.
Yes, I have been very critical, there is no denying that. But this guy totally disarmed me by taking me onboard. I just have to say that everything I have seen so far is proving me wrong and I am about to get humbled. Today is my first day and I am very excited for the opportunity to be a part of this journey. My previous experience is from sales, corporate communications and investor relations. I will do my best to prove myself worthy. And I do have my fellow musketeer RD by my side.
Let's say FINRA declines to process the dividend until HERB becomes transparent and discloses its assets (fully reporting) - how long could such a process take them to achieve?
By when?
So far we have gotten no less than four "record dates" within12 months. Four, of which none has materialized.
It turned out...there was no announcement, not about the dividend, not about a plan B, nothing.
There is something fundamentally wrong here. 102 days since the alleged "Record Date".
If FINRA intended to process this dividend, they would have done so already.
"It has three R&D..."
Three..?! We only have one
Of all dividends processed on the FINRA Daily List in August, so far, there are five with a record date earlier than May 15.
Seems like we have a believer today.
I wonder if there are different people sending emails in HZ' name. This reply to RD was fluent, whereas sometimes we get emails that you barely can understand the meaning of, because the written English is so poor.
From the Q2:
List any stock split, stock dividend, recapitalization, merger, acquisition, spin- off, or reorganization either currently anticipated or that occurred within the past 12 months:
Shareholders are entitled to 1 share of Equity Art Corp Ltd as of the record date of September 15 2021 for each share held on that date should FINRA approve this corporate action. This is considered an off balance sheet asset.
From the 8-k:
On April 1, 2022 , the Board of Directors of YaSheng Group resolved to pay and will pay a dividend of its preferred shares to its shareholders pro rata so that each shareholder will receive 1 preferred shares for every 10 common shares held on the record date of May 15 2022. Payment will made on May 31, 2022. The declaration date is April 15 2022.
The spinoff of Equity Art Corp Ltd has been postponed until further notice.
Is it not strange that the Company does not mention the ongoing stock dividend that was announced April 15 and that we are all waiting for, under the section in the Q2 where they ask them to list stock dividends? But they mention the Equity Art spinoff, that was postponed in the 8-K from April 15.
HERB, and its shareholders, are caught between a rock and a hard place.
Apparently FINRA is having issues with the dividend, otherwise we'd already have the preferred shares in our accounts by now.
The rock being Chinese "sensitive state ownership" that they do not want to reveal. The hard place being FINRA possibly demanding the majority owners to reveal more information than they wish to do.
I see Chinese companies paying cash dividends all the time. FINRA is taking their time. HERB is still awaiting FINRA.
101 days since they April 15 filed their intention to pay a dividend with the record date May 15. Quarterly report due before Aug 14.
It is apparently difficult to determine whether there is any relevance to the review period of 90 days, which HZ often is referring to. However, today it is 94 days since HERB, April 15, posted their intention to pay a dividend of preferred shares with the record date May 15.
What I find difficult to understand is that nobody will have a clue about the value of the dividend nor of the company. That seems strange to me. The preferred shares do not represent a value, until the Company decides otherwise, further down the road.
So I should sell my shares ASAP?
What would be your best advice to a shareholder who wants to maximise his profit, or minimize his loss, in HERB?
I think the ITUP investors are up for a big disappointment. There is something in this that makes me stay away (except the fact that the share can not be traded).
The plans are grand, to say the least. The future will bring endless return on investment. And if we only look at the plans, this is a homerun for sure. A no brainer.
The question is, what has changed? The corporate website states that ITUP is a publicly listed company. To be honest, the website is in perfect correlation with the share price.
I suggested to LP that he'd hire RD. LP responded positively to my suggestion and "initiated the hiring process". Five months later and RD is still not working for the company.
It is nice of course that a CEO interacts with the shareholders on a message board. But when you get the impression that he spends more time collecting feelgood backslapping on iHub than executing the business plan, it is a red flag. If you can't even perform a hiring in less than five months, how could you possibly hire all the hundreds and thousands of people that are a part of the grand plans laid out here?
Three days ago we could read that LP "deeply respects his shareholder group". People may put different meaning into the word respect. When I was a shareholder, LP made recurring promises about filing audited financials and updating the website to a respectable level, none of which ever happened. What happened was that LP just altered the deadline, given by himself, time after time after time. Not what I would call "respecting your shareholder group". And then finally, the share was delisted and voilà - new plans, even greater and more fantastic.
When LP was asked how many employees ITUP has, he refused to answer.
The article by Dr. Annurag Batra from Nov 2, 2021 was another red flag. I read somewhere that Laxmi said he'd sue Dr Batra for this. So did the subpoena happen? My guess is no.
So, yes, too many redflags. But I will start changing my mind when I see some sort of actual execution of the fantastic plans; SPACs, the promised dividend and the NYSE listing. Until then, I will not be holding my breath.
Beautiful! Thank you so much!
Do you know if there is service you can subscribe to, in order to get notifications when HERB files or posts news?
They don't want their assets frozen. I think they will rather give us our cut. And everyone will - finally - be happy.
Maybe except for those who recently sold their shares.
If we don't get any news this week, I will start worrying. It could be that they will disclose their plans, and their assets, in the upcoming Q2-report.
So, come on, give us some good news, please. Just do it.
Probably because most shareholders are long and expect far better returns on their HERB-investment than they get if they sell at these levels.
After all, just the plantations were appraised to be worth 2,3BUSD (almost $15/share) - and that was eight years ago. We can only imagine what they are worth today. And then we need to add the value of all the other operations to that figure. With the increased activity from the company to finally create some shareholder value, I wouldn't be a seller now.